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Pitchfork Goldmine!

  • #101
  • Jun 21, 2010 5:30am Jun 21, 2010 5:30am
It's good to think things through...it is bad to put money on those thoughts without price agreeing with us Have lost money learning as well, so now I have paid the price to wait.

Quoting pikeliver
i think the smart money will buy the double bottem,but it may be a big red candle but when it closes the buy point will be in the shadow

i could be wrong,i usally am lol
Trade what you see, not what you think or feel. Let the market come to you.
  • #102
  • Jun 21, 2010 5:46am Jun 21, 2010 5:46am
getting ever closer,we have support,a pattern and a pitchfork,stop placement is ok,looking good

thanks for starting this thread,its been an education
  • #103
  • Jun 21, 2010 5:54am Jun 21, 2010 5:54am
Glad you learned something. Enjoy teaching and seeing people's lives changed, including mine

Here is a new view...
Attached Image (click to enlarge)
Click to Enlarge Name: London Session Another View2.jpg Size: 81 KB
Trade what you see, not what you think or feel. Let the market come to you.
  • #104
  • Jun 21, 2010 6:08am Jun 21, 2010 6:08am
Observe the drop on the last candle then the pull back...only Smart Money can move the price like that.

Maybe they went after some stops once they saw buyers in the market. Let us see if price goes up as they would want those buyers to chase price up after they're in.

Or, are they going to test the resistance (switchback) then fall?
Attached Image (click to enlarge)
Click to Enlarge Name: Think I Found Some Whales.jpg Size: 83 KB
Trade what you see, not what you think or feel. Let the market come to you.
  • #105
  • Edited 7:11am Jun 21, 2010 6:31am | Edited 7:11am
Did you see the whales or did the whales get you?
Attached Image (click to enlarge)
Click to Enlarge Name: Think I Found Some Whales2.jpg Size: 81 KB
Trade what you see, not what you think or feel. Let the market come to you.
  • #106
  • Jun 21, 2010 7:37am Jun 21, 2010 7:37am
Closed a short trade with a few more pips...will take a break for now.

Be careful trading!
Trade what you see, not what you think or feel. Let the market come to you.
  • #107
  • Jun 21, 2010 7:39am Jun 21, 2010 7:39am
This EUR Fork has worked well. M 20 - is it Losing Efficency? Double tops
Attached Image (click to enlarge)
Click to Enlarge Name: FCY383154-14.jpg Size: 134 KB
  • #108
  • Edited 8:00am Jun 21, 2010 7:48am | Edited 8:00am
The whales proceeded with a Wash n Rinse...dropped the price to the ML on the 15 (chart not shown) but hit support on 1 hr.
Pivots on M15: (High-Low-High) 1.2439 then 1.2367 then 1.2466. That way you can draw it if you like.

Take a look.
Attached Image (click to enlarge)
Click to Enlarge Name: Wash n Rinse.jpg Size: 78 KB
Trade what you see, not what you think or feel. Let the market come to you.
  • #109
  • Jun 21, 2010 7:59am Jun 21, 2010 7:59am
Hit the Lower ML - M20 - Has it measured the move?
Attached Image (click to enlarge)
Click to Enlarge Name: FCY383154-15.jpg Size: 133 KB
  • #110
  • Edited 3:54pm Jun 21, 2010 2:49pm | Edited 3:54pm
This fork did a marvellous job Wave Trader. Really nice touches. Thanks for sharing!!
Quoting Wave Trader
Hit the Lower ML - M20 - Has it measured the move?
Trade what you see, not what you think or feel. Let the market come to you.
  • #111
  • Jun 21, 2010 4:21pm Jun 21, 2010 4:21pm
Hello Traders,

Just bringing you current with the EurUsd chart in reference to what we thought earlier this morning.

Will be looking at Asian Session as we prepare for the London Session.

Take care,

Quoting FX4Newbies
Price has broken the MLH of the green fork and Sliding Parallel as well. We actually watched it go to the red ML and is also below the lower blue S/R line.

Will it move up to retest blue Resistance line then fall?

Very tricky spot...so much can happen to change the direction.

Decisions, decisions
Attached Image (click to enlarge)
Click to Enlarge Name: Target Hit- Post 95.jpg Size: 114 KB
Trade what you see, not what you think or feel. Let the market come to you.
  • #112
  • Jun 21, 2010 6:56pm Jun 21, 2010 6:56pm
Hello Traders,

Just wanted to put my thoughts on paper. Will observe how price responds in preparation for the London Session.

Take care and be safe.
Attached Image (click to enlarge)
Click to Enlarge Name: Pre-Asian June 21.jpg Size: 96 KB
Trade what you see, not what you think or feel. Let the market come to you.
  • #113
  • Jun 22, 2010 1:54am Jun 22, 2010 1:54am
Early Morning To All You Traders,

Seems like price fell in Asian session closer to WL. Will post charts soon.
Trade what you see, not what you think or feel. Let the market come to you.
  • #114
  • Edited 2:20am Jun 22, 2010 2:08am | Edited 2:20am
Here's GU 120mins chart with purple colored fork.

1st target hit at 1.4723..and waiting for my next target around 1.4640.(will bounce around first)

Let the market, do the walking. And perhaps we can Tango!

http://img3.imageshack.us/img3/8240/...orkjusthit.gif
  • #115
  • Edited 2:46am Jun 22, 2010 2:09am | Edited 2:46am
Hello again,

Looks like the market wants to push higher. If it can cross 1.2350 that may be a good sign. Would need confirmation of course to buy. Scalpers may be trading before then .

Another view to follow,
Attached Image (click to enlarge)
Click to Enlarge Name: London June 22.jpg Size: 103 KB
Trade what you see, not what you think or feel. Let the market come to you.
  • #116
  • Jun 22, 2010 2:23am Jun 22, 2010 2:23am
Now here's the story...the way I see it:

Definitely see some bullish sentiment, however, price did break the trendline on this chart.

Not satisfied that price will really take off...thinking it may fall some more. Just not sure. Also Euro news out at 4am EST.

Will be watching to see how it begins to move..

P.S. There was a quick bullish trade a little over an hour ago...oh well, there will be more
Attached Image (click to enlarge)
Click to Enlarge Name: London June 22-2A.jpg Size: 96 KB
Trade what you see, not what you think or feel. Let the market come to you.
  • #117
  • Jun 22, 2010 2:36am Jun 22, 2010 2:36am
Hello Satni,

I see your logic...quite probable. Have a similar thought on EurUsd. Let the market settle this thing, and like you said, maybe then we can Tango.

Thanks for posting your setup.

Quoting Satni
Here's GU 120mins chart with purple colored fork.

1st target hit at 1.4723..and waiting for my next target around 1.4640.(will bounce around first)

Let the market, do the walking. And perhaps we can Tango!

http://img3.imageshack.us/img3/8240/...orkjusthit.gif
Trade what you see, not what you think or feel. Let the market come to you.
  • #118
  • Jun 22, 2010 2:38am Jun 22, 2010 2:38am
Quoting FX4Newbies
Now here's the story...the way I see it:

Definitely see some bullish sentiment, however, price did break the trendline on this chart.

Not satisfied that price will really take off...thinking it may fall some more. Just not sure. Also Euro news out at 4am EST.

Will be watching to see how it begins to move..

P.S. There was a quick bullish trade a little over an hour ago...oh well, there will be more
Good thinking there, FX4newbies
  • #119
  • Jun 22, 2010 3:10am Jun 22, 2010 3:10am
Hope we're not in for a scalping session. If so, I'm going back to bed.
Trade what you see, not what you think or feel. Let the market come to you.
  • #120
  • Jun 22, 2010 6:11am Jun 22, 2010 6:11am
Well well,

Price did fall to WL as mentioned on earlier chart. Current view attached. I have a busy day, will post again...Pre-Asian. Observe that price never got to ML of lighter green (teal) fork...a definite sign of weakness.

Enjoy your trading day,

Quoting FX4Newbies
Now here's the story...the way I see it:

Definitely see some bullish sentiment, however, price did break the trendline on this chart.

Not satisfied that price will really take off...thinking it may fall some more. Just not sure. Also Euro news out at 4am EST.

Will be watching to see how it begins to move..

P.S. There was a quick bullish trade a little over an hour ago...oh well, there will be more
Attached Image (click to enlarge)
Click to Enlarge Name: London June 22-2B.jpg Size: 99 KB
Trade what you see, not what you think or feel. Let the market come to you.
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